A Company Collected the Ages from a Random Sample of Its

question 25

Multiple Choice

A company collected the ages from a random sample of its middle managers with the resulting frequency distribution shown below: What is the relative frequency for the largest interval?

• A).132
• B).226
• C).231
• D).283
• E).288

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Definitions:

Expected

Refers to the anticipated outcome, value, or occurrence based on probability or prior evidence.

Increase

To become or cause to become greater in size, amount, number, or degree.

Consumer Incomes

The total amount of income received by consumers, influencing their purchasing power and demand for goods and services.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, contrasting with normal goods.